Question
A Ford Motor Co. coupon bond has a coupon rate of 6.8 %, and pays annual coupons. The next coupon is due tomorrow and the
A Ford Motor Co. coupon bond has a coupon rate of 6.8%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 27
27 years from tomorrow. The yield on the bond issue is 6%. At what price should this bond tradetoday, assuming a face value of $1,000?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
